The bond will be listed on the Luxembourg Green Exchange with proceeds going towards a four-year, senior unsecured, local currency loan to AEB. The bank said that it will aim to increase the allocation to eligible green projects, including energy-efficient household appliances; energy-efficient home improvements, and solar panels.

Since its launch in 2005, Symbiotic has structured around 4,000 deals worth roughly $5.5 billion across 90 emerging or frontier markets, distributed mostly through third-party specialised fund managers.